Liberty Media is on the move again, this time entering into a definitive agreement with fourth-ranked MSO Charter Communications to acquire nearly 27 million Charter shares and approximately 1.1 million warrants for some $2.6 billion, translating into an approximate 27.3-percent beneficial ownership in Charter and a $95.50 price per share. The investment funds are managed by, or affiliated with, Apollo Management, Oaktree Capital Management and Crestview Partners; Liberty says it expects to fund the purchase with cash on hand and new loan arrangements. The chairmen of both companies – John Malone and Eric Zinterhofer – both praised Charter (and Charter President/CEO Tom Rutledge) for its forward-looking strategy, market position and growth opportunities, and they characterize this investment as being part of the financial pathway to sustained future success. The shares/warrants deal should close sometime in the second quarter.

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Optimum Adding TheGrio

Altice USA will launch TheGrio to Optimum customers beginning May 21, making it available to those subscribing to Optimum Core and above packages. The Allen Media Group channel is available in

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